GEORGIA: In December, David Onoprishvili was elected as a member of the executive committee of the International Association of Insurance Supervisors

20 January 2025 — Marina MAGNAVAL

On December 5, 2024 during the meeting of the Executive Committee (ExCo) of the International Association of Insurance Supervisors (IAIS) held in Cape Town, South Africa, David Onoprishvili, Chairman of Insurance State Supervision Service of Georgia was confirmed as a member of the Executive Committee for a two-year term.

David Onoprishvili will represent the Central, Eastern Europe and Transcaucasia (CEET) region within the Association. It is noteworthy that the CEET region unites 11 EU member states (Poland, Czech Republic, Slovakia, Hungary, Romania, Bulgaria, Croatia, Slovenia, Lithuania, Latvia, Estonia), 9 EU candidate countries (Georgia, Ukraine, Moldova, Turkey, Serbia, Bosnia and Herzegovina, Albania, North Macedonia, Montenegro) and 7 non-EU countries (Israel, Kazakhstan, Uzbekistan, Azerbaijan, Armenia, as well as Russia and Belarus, whose memberships in the IAIS have been suspended).

At the end of October, the CEET region held elections, during which David Onoprishvili was elected as the representative of this region to the Executive Committee of the Association.

The appointment of David Onoprishvili to this position aims to ensure the protection of interests of the CEET region countries and consider their priorities in the course of the association's activities. It is noteworthy that this is the first time a representative from a non-EU country has been elected to this position. The Insurance State Supervision Service of Georgia emphasized that this is an important step towards enhancing Georgia's role in the international insurance system, creating more opportunities for collaboration with global leaders and making Georgia’s insurance sector more competitive and sustainable.


 

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